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Worksheets

TVM

Total questions: 25

Worksheet time: 2hrs 11mins

Name
Class
Date
1.

The future or present value of an amount depends upon:

a)

the interest rate.

b)

the number of periods.

c)

number of times per year compounding occurs.

d)

all of the above.

2.

In which case will an investor receive the most interest:

a)

10%, compounded annually.

b)

10%, compounded monthly.

c)

10%, compounded continuously.

d)

10%, compounded daily.

3.

Annuities:

a)

are a stream of equal payments at unequal time intervals.

b)

are a stream of equal payments at equal time intervals.

c)

are a stream of equal payments that continue forever.

d)

none of the above.

4.

The basic rule of the time value of money is:

a)

investments will always be worth more tomorrow than they are today

b)

it’s always wiser to save a dollar for tomorrow than to spend it today

c)

a dollar in hand today is worth more than a dollar promised at some time in the future

d)

all of the above express an aspect of the basic rule of time value of money

5.

When comparing an annuity due with an ordinary annuity with the same payment and duration, the annuity due will always have a _______ present value and will always have a _______ future value.

a)

higher; higher

b)

higher; lower

c)

lower, higher

d)

lower, lower

6.

A perpetuity:

a)

has infinite value because the payments continue forever

b)

can be valued (PV) if the payment amount and interest rate are known

c)

don’t exist in the financial world

d)

none of the above are true

7.

The present value of a future amount will be higher with a higher interest rate.

a)

True

b)

False

8.

Lenders prefer less frequent compounding; borrowers prefer more frequent compounding.

a)

True

b)

False

9.

A perpetuity may be thought of as an annuity that continues forever.

a)

True

b)

False

10.

The future value of a perpetuity makes no sense because the payments never end.

a)

True

b)

False

11.

Tony Stark memiliki uang Rp. 2000.000 yang ditabung dibank dengan bunga 8% pertahun selama 10 tahun, berapakah akumulasi bunga yang diterima Tony Stark?

a)

1.600.000

b)

16.000.000

c)

160.000

d)

16.000

12.

Tony Stark memiliki uang Rp. 2000.000 yang ditabung dibank dengan bunga 8% pertahun selama 10 tahun, berapakah Future Value uang milik Tony Stark?

a)

360.000

b)

3600.000

c)

36.000.000

d)

36.0000

13.

Wonder Woman memiliki uang Rp. 600.000 yang ditabung dibank dengan bunga 7% pertahun selama 8 tahun, berapakah akumulasi bunga yang diterima wonder woman?

a)

3360.000

b)

33.600.000

c)

336.000

d)

33.600

14.

Wonder Woman memiliki uang Rp. 600.000 yang ditabung dibank dengan bunga 7% pertahun selama 8 tahun, berapakah Future Value uang milik wonder woman?

a)

93.600.000

b)

93.600

c)

9.360.000

d)

936.0000

15.

If you have THB 10,000 today and the interest rate is 3%, in 10 years, you will have:

a)

7,441

b)

13,000

c)

13,439

d)

85,302

16.

At an annual interest rate of 6%, the present value of THB 5,000 received in 5 years is closest to:

a)

3,736

b)

3,846

c)

6,691

d)

6,500

17.

At an annual interest rate of 25%, the present value of GBP 500 received every year forever, but starting in 3 years (i.e. the first cash flow is at t=2) is closest to:

a)

256

b)

1024

c)

1280

d)

2000

18.

You recently won a competition, and the organizer has the following menu of prizes for you to choose from. You can only choose one option. If the discount rate is 12%, which option would you choose?

a)

THB 100,000 today (t=0)

b)

THB 180,000 in 5 years (t=5)

c)

THB 11,400 forever starting from the end of this year (t=1)

d)

THB 18,000 every year for 10 years starting at the end of this year (t=1)

19.

You recently won a competition, and the organizer has the following menu of prizes for you to choose from. You can only choose one option. If the discount rate is 12%, which option would you choose?

a)

THB 100,000 today (t=0)

b)

THB 180,000 in 5 years (t=5)

c)

THB 11,400 forever starting from the end of this year (t=1)

d)

THB 18,000 every year for 10 years starting at the end of this year (t=1)

20.

Suppose you have the following cash flow:

Year 0: -1.00

Year 1: +0.25

Year 2: +0.45

Year 3: +0.65

If the discount rate is 10%, then NPV of the cash flow is:

a)

-0.09

b)

0.09

c)

0.35

d)

1.09

21.

Suppose you have the following cash flow:

Year 0: -1.00

Year 1: +0.25

Year 2: +0.45

Year 3: +0.65

If the discount rate is 10%, what can you say about the IRR of the cash flow?

a)

IRR < 10%

b)

IRR = 8.8%

c)

IRR > 10%

d)

IRR = 35%

22.

PTTEP is considering purchasing an oil well that will generate USD 100 million in cash flow next year (t=1). However, with falling oil price, you expect the cash flow to decline by 2% per year. If the discount rate is 8% and the asking price for the oil well is USD 1,000 million, what is the NPV of the oil well?

a)

USD -250 million

b)

USD 0 million

c)

USD 250 million

d)

USD 667 million

23.
Today you invest 100 in the bank at the interest rate of 10%. At the end of the second year, your investment will be...
a)

less than 100

b)
120
c)
more than 120
d)
cannot be determined without more information
24.

If you save 2 dollars of your allowance per week for 7 weeks. How much will you have saved?

a)

$9

b)

$18

c)

$14

d)

$5

25.

Angela and Mike both want a piece of candy. Angela has $1.50 and Mike has $1.28. If they combine their money to get the candy how much do they have?

a)

$o.22

b)

$2.20

c)

$3.78

d)

$2.78